REG - JSC Halyk Bank JSC Halyk Bank-37QB - Successfully signed US$300mn Syndicated Term Loan

Halyk Bank AOAnnouncement

17/09/2024 12:00

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RNS Number : 5395E  JSC Halyk Bank  17 September 2024

Halyk Bank successfully signed its US$300mn Syndicated Term Loan

On September 16th 2024, Joint Stock Company Halyk Bank of Kazakhstan ("Halyk
Bank" or "the Bank") successfully signed its US$300mn Syndicated Term Loan,
comprised of 1-year and 3-year tenor tranches.

This facility marks Halyk Bank's return to the international syndicated loan
market for the first time since 2008. Through the new facility, which is
available for general corporate purposes, Halyk Bank is able to further
diversify its funding sources at attractive terms.

The transaction was launched at US$200mn, and upsized to US$300mn as a result
of oversubscription.

The facility was supported by 12 banks across North America, Europe, Middle
East and Asia, demonstrating the international syndicated loan market's strong
interest in supporting Halyk Bank's funding objectives. This landmark
transaction symbolizes the re-opening of international syndicated loan market
for Kazakh commercial banks since 2009.

Citi, Abu Dhabi Commercial Bank PJSC, and Commerzbank Aktiengesellschaft
served as Bookrunners and Initial Mandated Lead Arrangers on the transaction.
Citi also served as the sole Coordinator on the financing.

Umut Shayakhmetova, Chief Executive Officer of Halyk Bank, commented:

"We are delighted to announce the signing of this highly successful
transaction for Halyk Bank. As a leading and fast growing financial
institution, it is vital for us to continue to diversify our funding sources
and this transaction is a significant step in that process, and further
bolsters the strong credit metrics of Halyk Bank. We are proud of having a
high quality group of banks from across the globe who are assisting us in our
journey."

Saule Zhakayeva, Chief Country Officer and Banking Head for Citi Kazakhstan,
added: "We are delighted to have supported Halyk Bank on this key transaction,
as both sole coordinator and bookrunner, marking their return to the
international syndicated loan market. The success of the transaction is
testament to the high quality of Halyk Bank's credit, and has demonstrated
strong demand from foreign investors for Kazakhstan."

About Halyk Bank

Established in 1923, Halyk Bank is Kazakhstan's largest bank with #1 market
position in Total Assets (29.4%), Net Loans (32.2%), Deposits (30.2%) and Net
Income (35.8%).

Halyk Bank is the leading financial services group in Kazakhstan, with a
diversified presence across retail, SME, and corporate banking, as well as
insurance, leasing, brokerage, asset management and lifestyle services. Halyk
Bank is a systematically important financial institution in the country and
has the highest ratings among privately owned banks in Kazakhstan without
foreign participation (Baa1 / BB+ / BBB- by Moody's / S&P / Fitch).

As of 30 June 2024, Halyk Bank had total assets amounting to KZT 16,749.9bn,
making it the largest lender in Kazakhstan. The Bank boasts the country's
largest customer base and the most extensive branch network, with 568 branches
and service outlets across nationwide. Additionally, the Bank operates in
Georgia and Uzbekistan. Halyk Bank has been listed on the Kazakhstan Stock
Exchange since 1998, the London Stock Exchange since 2006, and the Astana
International Exchange since October 2019.

Please refer to https://halykbank.com/about/ (https://halykbank.com/about/)
for further information on Halyk Bank

 

 

 

- ENDS-

 

For further information, please contact:

 Halyk Bank

 Mira Tiyanak     +7 727 259 04 30

                  MiraK@halykbank.kz

 Nurgul Mukhadi   +7 727 330 16 77

                  NyrgylMy@halykbank.kz

 Rustam Telish    +7 727 330 15 66 RustamT3@halykbank.kz

 

 

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